Neal buys 124 acres in Venice

Published: Wednesday, March 19, 2014 at 1:00 a.m.

Last Modified: Tuesday, March 18, 2014 at 9:34 p.m.

VENICE - Homebuilder Neal Communities of Southwest Florida has bought 124 acres on Border Road here from a Maitland company for $1.6 million.

The price for the property at 2192 Border Road equates to $12,903 per acre.

The seller was Laurel Lakes Venice LLC, records show.

It was the 17th land acquisition for Neal and its related companies in the past two years.

Earlier this month, Neal bought 333 acres in Englewood for $1.64 million. The acquisition by a subsidiary of the Lakewood Ranch-based company from Boca Royale Golf Inc. equates to $4,930 per acre, records show.

Some other purchases included 368 acres off Border Road in Nokomis for $12 million; 269 acres of vacant land at 10525 and 11333 Moccasin Wallow Road for $2.75 million and 106 acres at the Colonial Lakes community in Fort Myers for $3.03 million.

Neal, known mostly for his communities in Manatee County, has shifted much of its focus to south Sarasota County lately. The company is well into the process of creating another South County community, the 1,999-home Grand Palm subdivision at Center Road and River Road, outside the Venice city limits.

<p><em>VENICE</em> - Homebuilder Neal Communities of Southwest Florida has bought 124 acres on Border Road here from a Maitland company for $1.6 million.</p><p>The price for the property at 2192 Border Road equates to $12,903 per acre.</p><p>The seller was Laurel Lakes Venice LLC, records show.</p><p>It was the 17th land acquisition for Neal and its related companies in the past two years.</p><p>Earlier this month, Neal bought 333 acres in Englewood for $1.64 million. The acquisition by a subsidiary of the Lakewood Ranch-based company from Boca Royale Golf Inc. equates to $4,930 per acre, records show.</p><p>Some other purchases included 368 acres off Border Road in Nokomis for $12 million; 269 acres of vacant land at 10525 and 11333 Moccasin Wallow Road for $2.75 million and 106 acres at the Colonial Lakes community in Fort Myers for $3.03 million.</p><p>Neal, known mostly for his communities in Manatee County, has shifted much of its focus to south Sarasota County lately. The company is well into the process of creating another South County community, the 1,999-home Grand Palm subdivision at Center Road and River Road, outside the Venice city limits.</p>